Financial skills development for non-financial Course
 

Introduction

    The importance of training courses is not only limited to professional life, as most of us think but training courses aim to transfer knowledge and practical experiences that enrich the skills of individuals and enhance their self-confidence, which contributes to the preparation of cadres which in turn contributes to the development and progress of institutions. Therefore, Strategic Vision Training Center aims to enhance the skills and experiences of individuals through the strongest training programs to keep pace with every development in the labor market.

Objective

• Enabling participants to have a realistic view of the facility’s financial situation.
• Enabling participants to make decisions that have an effective impact on all activities of a financial nature, such as debts, profitability, liquidity and inventory on the one hand, and to obtain appropriate facilities at the right time without the facility incurring high borrowing expenses and without being forced to liquidate its assets.
• Activating the participants’ contribution in how to read information and accounting data and make financial decisions.
• Forming working groups to implement the use of indicators and analysis of financial ratios.

Course content:

Unit One: Accounting concepts

• The concept of financial accounting
• Its objectives
• Branches of accounting
• Accounting principles
• Financial terminology

Unit Two: Financial Accounting Outputs

• financial reports
• Types of reports
• Categories that benefit from financial reports

Unit Three: Income Statement

• The concept of the income statement
• Objectives of preparing the income statement
• Income statement format
• Implications of the income statement
• Various exercises on how to prepare and read an income statement

Unit Four: Statement of financial position

• The concept of the statement of financial position
• Divisions of the statement of financial position into assets and liabilities
• Objectives of preparing the financial position statement
• Disclosure and its importance in the statement of financial position
• How to prepare a statement of financial position
• Various exercises on preparing the financial position statement

Unit Five: Financial Analysis

• The concept of financial analysis
• Objectives of financial analysis
• Different methods of financial analysis
• Using indicators in financial analysis and reading their implications
• Various exercises on reading budgets and analyzing financial statements

Unit Six: Fraud in financial reports

• Motives for fraud in financial reports
• Methods of fraud in financial reports